1,293,271 Shares in SM Energy (NYSE:SM) Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. purchased a new position in SM Energy (NYSE:SMFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,293,271 shares of the energy company’s stock, valued at approximately $50,075,000.

Several other hedge funds have also made changes to their positions in SM. Channing Capital Management LLC acquired a new stake in SM Energy in the 3rd quarter valued at approximately $46,492,000. Invesco Ltd. increased its position in SM Energy by 72.8% in the 3rd quarter. Invesco Ltd. now owns 2,054,503 shares of the energy company’s stock valued at $81,461,000 after acquiring an additional 865,480 shares during the period. Dimensional Fund Advisors LP increased its position in SM Energy by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,509,379 shares of the energy company’s stock valued at $213,326,000 after acquiring an additional 493,427 shares during the period. Ameriprise Financial Inc. increased its position in shares of SM Energy by 44.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,163,332 shares of the energy company’s stock valued at $46,126,000 after purchasing an additional 358,253 shares during the period. Finally, First Dallas Securities Inc. acquired a new position in shares of SM Energy during the 3rd quarter valued at $8,669,000. Institutional investors own 94.56% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on SM Energy from $50.00 to $54.00 and gave the company a “sector perform” rating in a research report on Friday, May 10th. Mizuho lifted their price target on SM Energy from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Wells Fargo & Company lifted their price target on SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, April 18th. Susquehanna lifted their price target on SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Finally, KeyCorp lifted their target price on SM Energy from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.57.

Read Our Latest Research Report on SM

Insider Transactions at SM Energy

In other news, SVP Kenneth J. Knott sold 16,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total value of $804,480.00. Following the completion of the sale, the senior vice president now owns 114,495 shares of the company’s stock, valued at $5,756,808.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

SM Energy Stock Down 0.7 %

Shares of SM Energy stock traded down $0.33 during midday trading on Friday, hitting $47.02. The company’s stock had a trading volume of 818,597 shares, compared to its average volume of 1,283,633. The firm has a market capitalization of $5.41 billion, a P/E ratio of 7.37 and a beta of 4.15. The stock has a 50-day simple moving average of $49.57 and a 200-day simple moving average of $43.23. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. SM Energy has a 1-year low of $27.37 and a 1-year high of $53.26.

SM Energy (NYSE:SMGet Free Report) last issued its earnings results on Thursday, May 2nd. The energy company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.28 by $0.13. The business had revenue of $559.87 million during the quarter, compared to analysts’ expectations of $568.21 million. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. As a group, sell-side analysts expect that SM Energy will post 6.63 earnings per share for the current year.

SM Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 19th were given a $0.18 dividend. The ex-dividend date was Thursday, April 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. SM Energy’s dividend payout ratio (DPR) is presently 11.29%.

About SM Energy

(Free Report)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.

See Also

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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